Jutrzenka to consolidate within sector before choosing strategic investor

The management and board of directors of sweets manufacturer Jutrzenka plans to increase the company's value to attract a strategic branch investor, but first it seeks to enlarge its market share through consolidation with other sector companies. According to analysts, Jutrzenka failed in previous negotiations with potential investors such as Finnish Fazer and German Katjes because a large number of employees are shareholders, controlling 28% of shares and 52% of votes at general shareholders' meetings. Changes in the board implemented after the last general shareholders' meetingmay accelerate the decision to choose an investor. Jutrzenka president Grzegorz Dolkowski believes that the company can strengthen its position on the market through new projects and increased exports. He maintains that the market value of Jutrzenka, currently at about zl. 64 million, is underestimated. (Parkiet, p. 2) A.D.